Please do not use excel for answers. Thanks.

Case #1 Fronmar Company manufactures machinery used in the shipping industry and has operations in both Norway and Canada. Since its inception, the company has maintained a decentralized organizational structure. The following information is available for the year just ended: Canadian Division Norwegian Division (in Canadian dollars) (in Norwegian Kroner) Operating income $2,400,000.00 15,600,000.00 Total assets $16,000,000.00 102,900,000.00 At the end of the prior year, when Fronmar Company invested in the Norwegian division, the exchange rate was 10 Norwegian kroner (NOK) = si Canadian. During the year, the Norwegian kroner declined in value. At the end of the current year, the exchange rate was 11 NOK =$1 Canadian, whereas the average exchange rate during the year was 10.5 NOK = $1 Canadian. Required: (A) What is the Canadian division's ROI for last year, based on Canadian dollars? (B) What is the Norwegian division's ROI for last year, based on the Norwegian kroner? (C)Which division had the stronger financial performance? Explain your answer, along with supporting calculations